An issue of Chesapeake Energy Corporation (NYSE:CHK) bonds rose 1.3% as a percentage of their face value during trading on Friday. The high-yield debt issue has a 8% coupon and will mature on June 15, 2027. The debt is now trading at $99.25 and was trading at $96.50 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

Several equities analysts have issued reports on CHK shares. ValuEngine upgraded shares of Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Royal Bank Of Canada set a $7.00 price objective on shares of Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Monday, May 29th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $9.00 price objective on shares of Chesapeake Energy Corporation in a research note on Monday, May 1st. Vetr cut shares of Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 price objective on the stock. in a research note on Tuesday, July 11th. Finally, FBR & Co reiterated a “sell” rating on shares of Chesapeake Energy Corporation in a research note on Monday, May 15th. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $6.74.

Chesapeake Energy Corporation (NYSE CHK) opened at 4.40 on Wednesday. Chesapeake Energy Corporation has a 12-month low of $4.34 and a 12-month high of $8.20. The company has a 50 day moving average of $4.79 and a 200-day moving average of $5.48. The stock’s market capitalization is $3.92 billion.

Chesapeake Energy Corporation (NYSE:CHK) last announced its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted ($0.14) EPS. The company’s revenue was up 40.6% on a year-over-year basis. On average, equities research analysts forecast that Chesapeake Energy Corporation will post $0.78 earnings per share for the current year.

In other Chesapeake Energy Corporation news, Director Thomas L. Ryan purchased 75,000 shares of Chesapeake Energy Corporation stock in a transaction dated Wednesday, May 31st. The stock was acquired at an average cost of $5.00 per share, with a total value of $375,000.00. Following the acquisition, the director now directly owns 440,355 shares of the company’s stock, valued at $2,201,775. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director R Brad Martin purchased 20,400 shares of Chesapeake Energy Corporation stock in a transaction dated Friday, June 23rd. The stock was acquired at an average cost of $4.55 per share, with a total value of $92,820.00. Following the completion of the acquisition, the director now directly owns 522,358 shares in the company, valued at $2,376,728.90. The disclosure for this purchase can be found here. Insiders acquired a total of 115,400 shares of company stock worth $573,020 over the last quarter. Company insiders own 1.14% of the company’s stock.

Several hedge funds have recently bought and sold shares of CHK. Principal Financial Group Inc. boosted its stake in Chesapeake Energy Corporation by 6.7% in the second quarter. Principal Financial Group Inc. now owns 1,223,754 shares of the oil and gas exploration company’s stock valued at $6,082,000 after buying an additional 76,377 shares in the last quarter. Stuyvesant Capital Management boosted its stake in Chesapeake Energy Corporation by 5.6% in the second quarter. Stuyvesant Capital Management now owns 442,400 shares of the oil and gas exploration company’s stock valued at $2,199,000 after buying an additional 23,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Chesapeake Energy Corporation by 54.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,105 shares of the oil and gas exploration company’s stock valued at $189,000 after buying an additional 13,362 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Chesapeake Energy Corporation by 11.9% in the second quarter. Pacer Advisors Inc. now owns 132,030 shares of the oil and gas exploration company’s stock valued at $656,000 after buying an additional 14,082 shares in the last quarter. Finally, Utah Retirement Systems boosted its position in shares of Chesapeake Energy Corporation by 49.2% in the second quarter. Utah Retirement Systems now owns 165,536 shares of the oil and gas exploration company’s stock valued at $823,000 after buying an additional 54,600 shares in the last quarter. 64.73% of the stock is owned by institutional investors and hedge funds.

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Chesapeake Energy Corporation Company Profile

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

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